Wheaton Precious Metals Stock Price, News & Analysis (NYSE:WPM)

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WPM shares.
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9 analysts have issued twelve-month target prices for Wheaton Precious Metals' stock. Their WPM share price targets range from $37.00 to $62.00. On average, they expect the company's share price to reach $52.88 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
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Wheaton Precious Metals' stock was trading at $39.08 at the beginning of 2023. Since then, WPM stock has increased by 25.9% and is now trading at $49.20.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
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Wheaton Precious Metals Corp. (NYSE:WPM) announced its quarterly earnings results on Friday, August, 11th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $264.97 million for the quarter, compared to the consensus estimate of $250.73 million. Wheaton Precious Metals had a net margin of 57.03% and a trailing twelve-month return on equity of 6.94%. The firm's revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share.

Wheaton Precious Metals announced a quarterly dividend on Thursday, November 9th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.15 per share on Friday, December 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, November 27th.
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Wheaton Precious Metals (NYSE:WPM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.26%. The dividend payout ratio is 50.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 46.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPM.

iShares North American Natural Resources ETF holds 112,445 shares of WPM stock, representing 0.84% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other Wheaton Precious Metals investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Rogers Communications (RCI), Open Text (OTEX), Valeant Pharmaceuticals International (VRX) and Toronto-Dominion Bank (TD).

Wheaton Precious Metals' stock is owned by many different retail and institutional investors. Top institutional investors include First Eagle Investment Management LLC (4.64%), Van ECK Associates Corp (4.12%), FMR LLC (3.56%), Massachusetts Financial Services Co. MA (1.67%), Mirae Asset Global Investments Co. Ltd. (1.07%) and Vaughan Nelson Investment Management L.P. (1.00%). Insiders that own company stock include Chantal Gosselin, Curzio Domenico Bernardi, Douglas Martin Holtby, Eduardo Luna, Gary Duncan Brown, Haytham Henry Hodaly, John Brough, Patrick Eugene Drouin, Randy Smallwood and Randy V J Smallwood.
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Shares of WPM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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